Transcript

00:00:01

>> British Prime Minister David Cameron is giving his first speech to the press since the UK voted to leave the EU. I'm Reuters reporter

INAUDIBL

] in Downing Street with David Cameron has just said he will step down as Prime Minister. But wants to steer the ship in his own words over the coming weeks as the UK tries to realize what a Brexit actually means.

00:00:24

This comes on the back of a tumultuous night, a night it's fair to say full of shocks. When polls closed, pollster UGOV initially tipped this in favor of the Remain camp. But that narrative quickly unraveled as some of the early counts came in. Sunderland with a big swing towards leave of about 20%.

00:00:43

And then Newcastle going in favor of remain but very marginally and the pound tumbling on that news. We also heard from UKIP leader Nigel Farage who had begun the night by essentially admitting conceding defeat. But by about 4 AM British Summer Time, he was in a much more buoyant mood and was actually declaring unofficially, a sort of victory.

00:01:06

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And from there on in, the story just got worse for the remain side as they lost key areas. Such as the metropolitan hubs like Birmingham and the pound tumbled further still, reaching its lowest level against the dollar since 1985. The vote was decided with 72% turnout across the UK, but this is far from unanimous.

00:01:30

In Northern Ireland, Scotland, they actually voted to stay in the EU, essentially being dragged out by the vote in England and Wales. Overall though, Britain answered the ballot papers by saying they want out of the EU. But in reality, that's raised far more questions than answers. Here David Cameron has said he won't activate Article 50 of the Lisbon Treaty.

00:01:54

Which would begin negotiations with the EU about how to leave. He says he's gonna leave that to somebody else.